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Education : Scholarship and Financial Support (Grantmaking)

Big Shoulders Fund

It takes Big Shoulders to carry a child's dreams

four stars

98.64

212 West Van Buren Suite 900
Chicago, IL 60607
tel: (312) 751-8337   Web Site
EIN: 36-3490557

Board Leadership
James J. O'Connor, John A. Canning, Jr. and Monsignor Kenneth J. Velo
Co-Chairs

CEO
Joshua Hale
President and Chief Executive Officer

  Score
(out of 100)
Rating
Overall Score & Rating 98.64 four stars
  Financial 98.09 four stars
  Accountability & Transparency 100.00 four stars
This rating was published 11/01/2018 and includes data from FY2017, the most recent 990 received at that time.

The mission of the Big Shoulders Fund is to provide support to the Catholic schools in the neediest areas of inner-city Chicago. The funds raised by Big Shoulders are used for scholarships, special education programs, instructional equipment, much needed facility improvements, faculty support, and operating grants. Serving both Catholics and non-Catholics, Big Shoulders Fund supported schools are seen as anchors in their communities and in the lives of the families they serve. It is our hope to provide the inner-city Catholic schools with the resources to prepare Chicago's young people for a productive future. The Big Shoulders Fund seeks to offer inner-city children and their parents the choice of a faith-based, value-centered education.

The mission of the Big Shoulders Fund is to provide support to the Catholic schools in the neediest areas of inner-city Chicago. The funds raised by Big Shoulders are used for scholarships, special education programs, instructional equipment, much needed facility improvements, faculty support, and operating grants. Serving both Catholics and non-Catholics, Big Shoulders Fund supported schools are seen as anchors in their communities and in the lives of the families they serve. It is our hope to provide the inner-city Catholic schools with the resources to prepare Chicago's young people for a productive future. The Big Shoulders Fund seeks to offer inner-city children and their parents the choice of a faith-based, value-centered education.

Impact Information

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Financial

four stars

98.09

Accountability & Transparency

four stars

100.00

This rating was published 11/01/2018 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
88.2%
  Administrative Expenses 7.2%
  Fundraising Expenses 4.4%
  Fundraising Efficiency $0.04
  Working Capital Ratio (years) 2.95
  Program Expenses Growth 8.1%
  Liabilities to Assets 5.4%
All data for Financial Performance Metrics calculations was provided by Big Shoulders Fund on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Big Shoulders Fund on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Big Shoulders Fund (IL) 98.64 four stars
Highland Park Education Foundation (TX) 92.98 four stars
Speedway Children's Charities (NC) 86.80 three stars
Palo Alto Partners in Education (CA) 89.61 three stars
Nashville Public Education Foundation (TN) 91.31 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $11,700,756
   Federated Campaigns $33,864
   Membership Dues $0
   Fundraising Events $912,483
   Related Organizations $0
   Government Grants $0
Total Contributions $12,647,103
   Program Service Revenue $0
Total Primary Revenue $12,647,103
   Other Revenue $-677,375
TOTAL REVENUE $11,969,728
   
EXPENSES  
   Program Expenses $16,306,762
   Administrative Expenses $1,624,572
   Fundraising Expenses $876,321
TOTAL FUNCTIONAL EXPENSES $18,807,655
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-6,837,927
   
Net Assets $63,868,857

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Scholarship Programs $8,135,032 49.9%
School Operations $4,566,281 28.0%
Academic Enrichment $2,491,556 15.3%

Ratings History
Big Shoulders Fund has received 12 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-06 11/01/2018 98.64 four stars
2016-06 09/01/2017 97.17 four stars
2015-06 10/01/2016 92.22 four stars
2014-06 06/01/2016 95.05 four stars
 
CN 2.0
2014-06 09/01/2015 95.01 four stars
2013-06 10/01/2014 91.85 four stars
2012-06 08/01/2013 90.70 four stars
2011-06 06/01/2012 94.11 four stars
2010-06 09/20/2011 95.00 four stars
 
CN 1.0
2010-06 07/01/2011 99.00 four stars
2009-06 07/01/2010 98.95 four stars
2008-06 10/01/2009 99.10 four stars
2007-06 10/01/2008 99.00 four stars
2006-06 07/01/2007 99.02 four stars
2005-06 09/01/2006 89.02 three stars
2004-06 07/01/2005 87.32 three stars
2003-06 05/01/2004 74.23 two stars
2002-06 08/01/2003 83.27 three stars
2001-06 02/05/2003 99.38 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 36-3490557
Name in IRS Master File BIG SHOULDERS FUND
NTEE Code B12
NTEE Classification Fund Raising and/or Fund Distribution
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (40) Scholarships (other)
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date March, 1987
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013
  • June, 2012

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

Compensation % of Expenses Paid to Title
$438,259 2.33% Joshua Hale President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Big Shoulders Fund (IL) 98.64 four stars
Grand Island Public Schools Foundation (NE) 93.17 four stars
The Chi Chi Rodriguez Youth Foundation (FL) 89.51 three stars
American Associates, Ben-Gurion University of the Negev (NY) 94.29 four stars
Peninsula Education Foundation (CA) 93.31 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Big Shoulders Fund
212 West Van Buren
Suite 900
Chicago, IL 60607
tel: (312) 751-8337
fax: (312) 751-5235
EIN: 36-3490557

Visit Web Site

Board Leadership

James J. O'Connor, John A. Canning, Jr. and Monsignor Kenneth J. Velo
Co-Chairs

CEO

Joshua Hale
President and Chief Executive Officer

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